Datamatics recognized in the Gartner® Magic Quadrant™ for Finance & Accounting Business Process Outsourcing Report For the third consecutive year

Datamatics, a global leader in Digital Operations, Technologies, and Experiences, has announced its inclusion in the 2024 Gartner Magic Quadrant for Finance and Accounting Business Process Outsourcing report for the Third year in a row. The Magic Quadrant evaluated 18 vendors in the industry. We believe that this recognition solidifies Datamatics' position as a preferred partner for CFOs seeking AI-powered finance transformation.

Gartner evaluation, based on comprehensive criteria assessing Completeness of Vision and Ability to Execute. Gartner recognized Datamatics as a Niche Player in the Magic Quadrant for Finance and Accounting BPO. We think that this is a testament to Datamatics' commitment to empowering CFOs with AI-powered autonomous finance. Datamatics with its proprietary generative AI and ML-powered digital platform, FINATO; improves P2P, O2C, and R2R workflows by reducing human dependencies. Datamatics has also introduced generative AI in demand forecasting and profitability analysis, and its teams use AI to process over 15 million balance sheet documents for global credit agencies annually.

Navin Gupta, EVP and Global Head, BPM, Datamatics, We are proud to be recognized by the Gartner Magic Quadrant 2024 for Finance and Accounting BPO report for the third consecutive year. According to us, this reflects our dedication to innovation and excellence." He added," At Datamatics, we have upgraded all our Finance and Accounting customers to FINATO, a digitally augmented suite powered by artificial intelligence, machine learning, automation, analytics, and mobility. It helps CFOs and finance leaders in AI-powered finance transformation while reducing processing costs and elevating process maturity with advanced digital technology."

Mitul Mehta, EVP and Chief Marketing Officer, Datamatics commented, "At Datamatics, we are committed to supporting customers with cutting-edge AI-powered finance transformation. Being recognized in the 2024 Gartner Magic Quadrant for Finance and Accounting Business Process Outsourcing reflects our robust digital finance transformation abilities and our steadfast commitment to customer satisfaction."

Shares of Datamatics Global Services Limited was last trading in BSE at Rs. 528.75 as compared to the previous close of Rs. 483.45. The total number of shares traded during the day was 29947 in over 2732 trades.

The stock hit an intraday high of Rs. 549.10 and intraday low of 472.05. The net turnover during the day was Rs. 15543876.00.

Source : Equity Bulls

Keywords

DatamaticsGlobalServices INE365B01017 2024GartnerMagicQuadrant Finance Accounting BPOReport